Often people think that accounting and bookkeeping are the same things, even though they have many different meanings. Accounting is an activity in recording system design, preparing financial reports based on existing data, and interpreting these reports. Accountants often examine the work of financial bookkeepers. In large companies, accountants have greater responsibility and authority than bookkeepers. Indeed, accounting work in the early stages also includes financial bookkeeping, but at the next stage, accountants must have more knowledge, a better understanding of concepts, and have higher analytical skills than a bookkeeper. Click here now, for more information about bookkeeping!
Meanwhile, bookkeeping is the activity of recording the business data of a company in a certain way. A bookkeeper may be responsible for all of a company’s business records, but may also be responsible for only a small part, such as sales records to company customers. Most of the financial accounting work is clerical work, and if there is an increase it will usually be assisted by computer assistance.